Barclays analyst Theresa Chen maintained a Buy rating on PBF Energy (PBF) yesterday and set a price target of $32.00. The company’s shares closed last Monday at $27.56.
According to TipRanks.com, Chen is a 1-star analyst with an average return of -2.8% and a 41.7% success rate. Chen covers the Basic Materials sector, focusing on stocks such as KNOT Offshore Partners, BP Midstream Partners, and Phillips 66 Partners.
Currently, the analyst consensus on PBF Energy is a Moderate Buy with an average price target of $35.22, implying a 26.1% upside from current levels. In a report issued on February 13, Cowen & Co. also maintained a Buy rating on the stock with a $38.00 price target.
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PBF Energy’s market cap is currently $3.3B and has a P/E ratio of 10.45. The company has a Price to Book ratio of 1.09.
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PBF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
PBF Energy, Inc. engages in the operation of a petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. It operates through the Refining and Logistics segments. The Refining segment refines crude oil and other feedstocks into petroleum products.
